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Wells Fargo Mobile App Tracks Subscription Payments


Starting in 2018, Wells Fargo bankers will be able to track personal finances linked to subscription services such as Netflix, Spotify, Birchbox and Zipcar through the bank’s mobile app — Control Tower.

Knowing that people enter payment info in several different places became a catalyst for launching the app’s new feature. Wells Fargo CEO, Tim Sloan, brought up a good point at Fortune’s Brainstorm Tech conference when saying, “What happens when you want to make a change to that credit card or debit card? You say to yourself, where in the heck have I put everything?”

Wells Fargo hopes this tool will help users gain better control of recurring payments and how much access companies have to their financial details.

Read more HERE.